Citizens Mutual Fund 2 (CMF2), a seven-year closed-end mutual fund with a total fund size of Rs. 56 crores, is set to mature on Ashadh 21, 2083. The scheme is managed by Citizens Capital Limited, while Citizens Bank International Limited serves as its fund sponsor. Ahead of its maturity, the fund published a delisting notice on Ashadh 19, 2083.
Throughout its seven-year tenure, CMF2 has maintained a consistent dividend distribution record, providing returns to investors in each of the past six fiscal years. The fund has been one of the established closed-end mutual fund schemes in Nepal's capital market.
Following the completion of its maturity period, trading of CMF2 units on the Nepal Stock Exchange (NEPSE) will be suspended. The fund manager will then begin the process of liquidating the fund by selling all of its investments, including listed shares, debentures, and any non-listed securities held in the portfolio.
After all assets are liquidated, the proceeds will be distributed proportionately among unit holders based on their holdings. According to the latest available data, CMF2's Net Asset Value (NAV) stands at Rs. 10.17 per unit, providing investors with an indication of the fund's current underlying value ahead of the final settlement process.
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